HNHacker News
TopNewBestAskShowJobs

flignats

26 karma · joined March 31, 2010

Full stack - Angular + Firebase

flignats @ gmail

submissionscomments
flignats··on Bitcoin + Lightning = win?
Low transaction fees and fast transaction time was never a sustainable competitive advantage.

Yes, coins like these will need to innovate somehow or their utility will drastically decrease.

flignats··on Ask HN: My company plans an ICO despite my opposition as CTO, any advice?
it's a shame you've done all of that and still think it is akin to gambling.
flignats··on Ask HN: What are the cons of DAGs as compared to blockchains?
They require mass adoption to work as intended.
flignats··on Building for the Blockchain
"Not because blockchain is some sort of an innovation."

Actually, it is some sort of huge innovation.

flignats··on Ask HN: Best resources on trading crypto currencies coins and tokens?
You'll need to be more specific..

Exchanges: Coinbase/Binance/Kucoin

Info: DYOR/Reddit/Bitcointalk/Coindesk

Tax: bitcoin.tax

Portfolio: Cryptocompare/Blockfolio (mobile)

Prices: Coinmarketcap/Livecoinwatch

Analysis: Tradingview

flignats··on Coinbase Insolvent?
Have you ever bought/sold on CB? It is exactly that, a fixed price. It's the convenience you pay for to use CB. That price updates frequently, but whatever price you execute at is the price you pay/sell for.
flignats··on Ask HN: How do I pay taxes on crypto/token trading
https://bitcoin.tax/
flignats··on Coinbase Insolvent?
They can do whatever they want with it after they have sold it to me for a fixed price.
flignats··on Coinbase Insolvent?
They do update that price frequently (minutes, maybe seconds) and there is a premium added to the price. I assume they add this premium so they can then go liquidate it for profit on the exchange as needed.
flignats··on Coinbase Insolvent?
Because they just bought it from you at that guaranteed price. They could go and sell it on the market for more/less, but the price you sold it to CB for remains the same.
flignats··on Coinbase Insolvent?
Normally, yes. But if you sell it through coinbase and not gdax, cb let's you sell it instantly and acts as a buyer.
flignats··on Big Banks Are All Over Blockchain
You would benefit from broadening your understanding of centralized and decentralized as it applies to the blockchain and ledgers.
flignats··on Big Banks Are All Over Blockchain
I believe you're thinking of the ledger as a distributed ledger and applying 'centralized' as a description, which it is not. Bitcoin is a decentralized ledger.
flignats··on Ask HN: How many of you have military experience?
USN - USS Boxer - 2003 - 2007

Specific 'core values' remain important to me.

flignats··on Big Banks Are All Over Blockchain
This is untrue, where did you learn this?
flignats··on Design of a silicon quantum computer chip
I disagree with you entirely.

The creator requested an open, live debate to put these claims to rest. They haven't accepted and probably won't.

flignats··on Design of a silicon quantum computer chip
These points have all been talked over extensively and are not a concern: https://medium.com/@comefrombeyond/cfbs-comments-on-https-ww...
flignats··on Design of a silicon quantum computer chip
"IOTA uses hash-based signatures (https://www.imperialviolet.org/2013/07/18/hashsig.html) instead of elliptic curve cryptography (ECC). Not only is hash-based signatures a lot faster than ECC, but it also greatly simplifies the overall protocol (signing and verification). What actually makes IOTA quantum-secure is the fact that we use Winternitz signatures. IOTA's ternary hash function is called Curl."
flignats··on Design of a silicon quantum computer chip
Care to add sources?
flignats··on Design of a silicon quantum computer chip
There are several quantum resistant crypto currencies. I.e. IOTA
flignats··on Ask HN: What applications does blockchain tech have, other than cryptocurrency?
Almost anything that needs validation/integrity.

Luxury handbags? Check the blockchain to confirm it is real.

Need goods transported at a consistent temperature? The blockchain can validate that your shipment did in fact remain (or not) at a certain temperature.

Want to buy a scalped ticket? Scan the QR code and confirm the ticket is usable.

flignats··on Ask HN: Any Alt coins worth buying?
You're on HN and don't know about REQ?
flignats··on Ask HN: What will happen to new transactions once all BTC coins are minted?
yes, there has been serious thought to this.

The fee to verify transactions is based on an auction model. Miners will always pick the transactions with the highest fee. If you want your transaction confirmed, you'll increase the fee. Or lower it, because you can afford to wait for it to be confirmed later.

flignats··on Nasdaq Plans to Introduce Bitcoin Futures
I don't get it - btc is worse than cash for buying drugs and botnets. Cash is anonymous, how do people forget that?
flignats··on Ask HN: Best Place to Buy Bitcoin (today)?
aaand then there were issues!
flignats··on Ask HN: Best Place to Buy Bitcoin (today)?
There's no issue purchasing from Coinbase, transactions are instant.
flignats··on Citadel's Ken Griffin Says Bitcoin ‘Bubble’ May End in Tears
the statement why REQ would try this, not ycomb's investment strategy..

They don't just invest in anyone, they do due diligence, why would they conclude this is even a viable risk taking opportunity if it was easy to see there is no utility in the technology?

flignats··on Citadel's Ken Griffin Says Bitcoin ‘Bubble’ May End in Tears
If you can't see the utility then you haven't done any due diligence. Most here just want to read a headline and add their opinions.
flignats··on Citadel's Ken Griffin Says Bitcoin ‘Bubble’ May End in Tears
Great, I'll keep accumulating and you can stay away so I can accumulate at a cheaper price.

I highly suggest you do a little more research. This is a transfer of wealth on scale that I haven't seen in my lifetime.

I'm not a wealthy elite. I'm getting wealthier.

flignats··on Citadel's Ken Griffin Says Bitcoin ‘Bubble’ May End in Tears
pumping bitcoin, lol - you don't get it.
← PreviousPage 2 of 5Next →